The City of Providence, PI, a finalist in the third round of the City Accelerator, is focused on finding viable and sustainable ways of funding public infrastructure.

February 16, 2016 AT 10:00 AM

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The City of Providence, RI is a finalist in the third round of the City Accelerator, which is focused on finding viable and sustainable ways of funding public infrastructure. Your feedback on its story map will inform final selection of the cities.

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What is Providence proposing?

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The city of Providence is focused on developing a financing plan for the implementation and ongoing maintenance costs of a regional stormwater utility. As an older industrial city, Providence and its neighboring jurisdictions have major combined sewage overflow challenges. As the city’s new administration embarks on creating its first comprehensive capital plan, they are looking to the City Accelerator to expose them to different funding opportunities and innovative ways to structure debt, public-private partnerships, and federal funding streams to ensure they can address the region’s growing wastewater needs over the long-term without solely relying upon city residents for whom increased rates will be a burden. If selected, the lessons learned from their participation in this cohort would set the stage for infrastructure planning and budgeting for all future projects identified in the city’s capital plan.